DaveGS4

iTrader: (2)

Generally as the value of the car goes down, the insurance goes down.

Why don't you ask the insurance companies you call that question (tell them you're interested in a 2006 vs a 2008)

Or go to the online estimation sites like progressive, etc. and do it for the two different cars to see the difference

dsclar

I would have thought this, but it wasn't the case for me. I have two cars and the other is a 97 Dodge Grand Caravan. My Lexus insurance is less than that of the van. I was quite shocked to discover how inexpensive my 2008 IS-350 was to insure.

Of course I told them I'd be driving less than 10k miles per year and I'm sure that helped a lot.

The liability insurance shouldn't necessarily be dependend on the value of the car. An expensive car wouldn't seem to be more likely to cause damage to others than a less expensive car. In fact, it may be considered less of a risk due to the safety factor. Collision and comprehensive are another matter.

9520G

I have a semi bad driving record living in overcrowded new jersey and I pay $4,200 a year.

inxexisten

the difference between a is350 and is250 is about a few hundred a year... I own an IS350... have one accident... $5600... but then again my residencies are in anaheim hills (located in orange county) and numerous cities over the bay area so its highly populated...

ISCjonny

iTrader: (7)

as stated above.. it depends on your driving record. most companies will lower your annual premium once you turn 25 automatically.

here my scenerio... hope u get an idea. i got the is350 when i was 24 w/ 2 points on my record. i was payin 4800 a year. then i turned 25 w/ 2 points still on my record.. it dropped down to 3200 a year. if i keep a clean record until march 08' than my 2 points drop and my annual premium will drop down to 2100. this is with AAA.. im sure u can find some cheaper companies out there.